Lopez shared the romantic image on her Instagram, too, including eight black heart emojis in her caption.

Alex Rodriguez and Jennifer Lopez

Arod Corp

“Everyone is super happy for both of them,” a friend of the couple tells PEOPLE.

While J.Lo and A-Rod are over the moon about their future, they aren’t in a rush to walk down the aisle.

Lopez recently explained that she and Rodriguez have so much on their plate, that planning their “I dos” has been pushed to the back burner for now.

“We haven’t started planning yet. You know, we just got engaged! Then right afterwards we started working right away, and we’re working the rest of the year, so I don’t know what’s going to happen,” she told WKTU’s Cubby & Carolina In the Morning.

“We haven’t decided if we’re going to squeeze it in somewhere or we’re going to wait, so, you know. I really don’t know yet. It’s easy, I’m not lying right now!”

The “I’m Real” singer has stayed busy in the month since, releasing her new single “Medicine” last week, complete with a splashy, carnival-themed music video in which she flaunts her iconic derrière.

Lopez has also been filming the stripper drama Hustlers, in which she stars alongside Cardi B, Constance Wu and Lili Reinhart as revenge-seeking strippers who band together with a group of fellow exotic dancers to scam their male Wall Street clients out of thousands of dollars.